3.15 How to Update EPF Group for Employee?
The government had recently announced the minimum Employee Provident Fund (EPF) contribution by employees will be reduced by 4 % from 11 % to 7 %, with effective from 1 April 2020 to 31 December 2020.
Question(s)
How should I update the EPF Group for my employee who wished to contribute more than the Statutory Rate (7 %)?
(a) by individual (Step 2)
(b) by batch (Step 3)
Note(s) on EPF Group
1. "Default (Citizen)" - for employee who wished to contribute at Statutory Rate
EPF Contribution by Employee: 7 %
EPF Contribution by Employer: 13 %
2. "Optional EPF (EE' 11%, ER' 13%) - for employee who wished to contribute more than Statutory Rate
EPF Contribution by Employee: 11 %
EPF Contribution by Employer: 13 %
Solution(s):
Step 1: Create new Career Progression Description
HRIS > Description Setting > Career Progression Description Setting
Step 2: Update EPF group for employee by individual
Payroll > General Main > Employee List > Edit for affected employee
(a) Create New Career Progression
(b) Update EPF Group under Salary Setting
Step 3: Update EPF group for employee by batch
Payroll > General Main > Employee List > Edit for any employee
(a) Export the latest Career Progression Excel File
(b) Update Excel File
* Delete whoever is not applicable
(c) Import the Career Progression Excel File into system
Step 4: Verify the EPF contribution by employee (Optional)
Payroll > General Main > Employee List > Payment Year: 2020 April End Month
(a) EPF contribution by employee: 7 % (Without change in EPF group)
(b) EPF contribution by employee: 11 % (With change in EPF group)